11 August 2016, USD/JPY
The four-hours chart of USDJPY . The pair is still above the reversal level (1/8). Earlier it stopped at this level, there was a and rebound after a rather strong downward movement. It is a signal of possible reversal of the price targeting the main level of support and resistance (4/8). We expect a workout of this reversal pattern. Continuation of the downward movement will again be relevant only in the event of breakdown and consolidation of the pair below (1/8).
Solutions: keep yesterday's purchase. Goal is the same - on the main level of support and resistance 103.13 (4/8).
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us